{{item.videoDuration}}
{{item.title}}
{{item.text}}
{{item.videoDuration}}
{{item.text}}
TaXavvy Issue 46/2020
In this issue:
Wage Subsidy Programme 2.0
The Wage Subsidy Programme 2.0 (“WSP 2.0”) announced on 23 September 2020 under Kerangka Inisiatif Tambahan Pakej Rangsangan Ekonomi Prihatin Rakyat (Kita Prihatin) is an extension to the Wage Subsidy Programme that was announced on 6 April 2020 (“WSP 1.0”).
Applications for WSP 2.0 can be submitted from 1 October 2020 to 31 December 2020. Under WSP 2.0, employers which are already receiving or have received wage subsidy under WSP 1.0 will be given an additional 3 months of subsidy while those which have not applied for WSP 1.0 will receive a subsidy for a period of 6 months. The condition of a reduction in the employer's monthly revenue of at least 50% is reduced to 30% under WSP 2.0.
TaXavvy is a newsletter issued by PricewaterhouseCoopers Taxation Services Sdn Bhd. While every care has been taken in compiling this newsletter, we make no representations or warranty (expressed or implied) about the accuracy, suitability, reliability or completeness of the information for any purpose. PricewaterhouseCoopers Taxation Services Sdn Bhd, its employees and agents accept no liability, and disclaim all responsibility, for the consequences of anyone acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. Recipients should not act upon it without seeking specific professional advice tailored to your circumstances, requirements or needs.
{{filterContent.facetedTitle}}
{{contentList.loadingText}}
{{contentList.loadingText}}
Receive regular tax updates in your inbox
Subscribe to Tax in Motion
Contact us
Follow us
